All sales were on account net cash provided by operating

Question

Question 5 The comparative statements of Osborne Company are presented here.

OSBORNE COMPANY Income Statements For the Years Ended December 31
2014	2013
Net sales	$1,897,831	$1,757,791
Cost of goods sold	1,065,831	1,013,291
Gross profit	832,000	744,500
Selling and administrative expenses	507,291	486,291
Income from operations	324,709	258,209
Other expenses and losses
Interest expense	23,232	21,232
Income before income taxes	301,477	236,977
Income tax expense	93,232	74,232
Net income	$208,245	$162,745

OSBORNE COMPANY Balance Sheets December 31
Assets	2014	2013
Current assets
Cash	$60,100	$64,200
Debt investments (short-term)	74,000	50,000
Accounts receivable	125,091	110,091
Inventory	127,232	116,732
Total current assets	386,423	341,023
Plant assets (net)	661,676	532,976
Total assets	$1,048,099	$873,999
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable	$167,291	$152,691
Income taxes payable	44,732	43,232
Total current liabilities	212,023	195,923
Bonds payable	232,676	212,676
Total liabilities	444,699	408,599
Stockholders' equity
Common stock ($5 par)	290,000	300,000
Retained earnings	313,400	165,400
Total stockholders' equity	603,400	465,400
Total liabilities and stockholders' equity	$1,048,099	$873,999

All sales were on account. Net cash provided by operating activities for 2014 was $240,330. Capital expenditures were $136,440, and cash dividends were $60,245.

Compute the following ratios for 2014. (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.)

(a) Earnings per share
(b) Return on common stockholders' equity
(c) Return on assets
(d) Current ratio
(e) Accounts receivable turnover
(f) Average collection period
(g) Inventory turnover
(h) Days in inventory
(i) Times interest earned
(j) Asset turnover
(k) Debt to assets
(l) Current cash debt coverage
(m) Cash debt coverage
(n) Free cash flow